Odaily News According to the official announcement, Binance Payment will gradually stop supporting Pay ID from August 6, 2024 (UTC). Users can continue to transfer or receive cryptocurrencies through Binance ID, email or phone. Binance encourages users to switch to the above available Binance payment methods. The decision to gradually stop supporting Pay ID will simplify the Binance payment process to provide a better user experience. Note: The affected Binance payment products include: transfers, transfers to multiple people, merchant platform single-ratio payments, and merchant platform batch payments; Historical transaction records for transfers or receipts through Pay ID will be retained; The merchant payment API (Payout API) will continue to support Pay ID until further notice. Users are advised to switch to other available options as soon as possible.